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2� 17� 1841
<br /> DEED �F TRUST
<br /> Loan N�: 7�7 3a7�79 �C�nt�nued} Page �
<br /> Creditor or Fvr�eiture Proceed�ngs. Comm�ncemen� of fivrecEvsure ar for'Feitu�-e proceedEngs, whether by judEcial
<br /> proceeding, sei�-he�p, r�possessivn or any other method, by any creditor of Trustor or by any gv�ernmentai agency
<br /> against any prnperty securing fihe Indeb�edness. This includes a garnishment of any af Trusto�'s ac�aunts�
<br /> including depvsi# accounts, with Lender. Hawe�er, fihis Event of Defau�t sha!! not apply i� �here is a gaod �aith
<br /> dispute by Trustvr as �o the �alid��y ar reasonableness af the c�aim which is th� basis ❑��he creditar o�#�rfeiture
<br /> proceeding and if Trust�r gives Lender wr��ten notice ❑f the creditor o� forfeitur� prac�eding and depvsits ►rvith
<br /> L�nder m�nies ❑r a surety band for�he cred��o�or forfeiture proceeding, in an amoun�determined by Lender, in its
<br /> sole discretion, as being an adequate res�r�e or bond#or the dispute.
<br /> Breach o��ther Agreement. Any breach by Trustor� under the terms o�any❑ther agreement between Trustar and
<br /> Lender �ha� is not remedied within any grace period prv�Eded �herein. inciuding withau� �imitation any agreemen�
<br /> �oncernin� any�ndebtedness or vther ab�igat�an of Trustar�o Lender, whether exis�tEn� now or Ia�er.
<br /> E�ents Affecting Guarantor. Any o�the preceding eyents ❑��u�-s with �espect to any guarantvr, endorser, surety.
<br /> or accammadativn party ❑f any ot the lndebtedness or any guarant�r. endorser� surety� ❑r a��ommvdation par�y
<br /> dies or becomes incampetent, ar re�okes or disputes the �a[idEty of, vr iiabi[ity under, any Guaranty o� the
<br /> Indebtedness.
<br /> Ad�erse Change. A material ad�erse change ❑ccurs in Trustor's financial c�ndition, or Lender be�ie�es the
<br /> prospect of payment or perfarmance o�the �ndeb�edness is impai�red.
<br /> Inse�urity. Lende�in gaod fiaith be�ie�es itself insecure.
<br /> Right to Cure. If any defau�t, other than a de�auit in payment, is curab[e and if Trustvr has not been gi��n a no�ice
<br /> of a breach of the same pro�isian a�this ❑eed af Trust v►rifihin the preceding twei�e {12} months. i�may be�ured if
<br /> Trustvr, af�er Lender sends wri�ten notice tv Trustor demanding cure o�su�h de�aul�: {'�y cures the defaul�wi�hin
<br /> fifteen {15� days; or {2} i�F the cure requires mare than fifkeen �"I 5y days, immediafiely in�t�a�es steps which Lender
<br /> deems in Lender's sol� discretian to be sufticien� to cure �he default and thereafter cvnt�nues and campletes a�l
<br /> reasonable and ne�essary steps sufticient t❑pr�duce compfEance as soon as reasanably pr-actical.
<br /> RIGHTS AND REMEi]iES �N �EFAULT. I�f an E�er�t of D��ault occurs under this Deed af Trust, a� any time thereafter,
<br /> Trustee or Lende�may exercise any one or mare of the�ollowing r�ghts and remedies:
<br /> Acceleration Upon Defau�#; Add�#ional Remedies, lf any E�ent of Default oc�urs as per the�e�ms of the Nate
<br /> secured hereby, L�nder may dec�are al� Indebtedness secured by this Deed o#Trust fiv be due and payabfe and
<br /> the same shal[thereupan become due and payable withou�any presentment, demand, pro�est or natEce a�any
<br /> kind. The�'eafter, Lender may:
<br /> �a} Either in person or by agen#, with vr wi�hou� brEnging any actian or praceeding f vr by a recei�er
<br /> appainted by a court and wi�hout regard �❑ the adequacy vf its securi�y, en�er upon and take possession
<br /> of the Praper�y, ar any pa�-�thereof, in i�s own name ar in�the name of Trust�e, and da any acts which it
<br /> deems necessary vr desirable to prese��e the Wa1ue, marketability ar ren�ability❑f fihe Prvperty, or part o�
<br /> the Property o� interest in the Proper�y; Encrease �he income from the P�operty ar protect the security of
<br /> the Prvperty; and, with vr without taking possess�on o� the Prap�rty, sue fvr vr ��herwise co�fect the
<br /> rents, issues and pro�i�s vf the Praperty, including #hose past due and unpaid. and apply the same, less
<br /> cos�s and expenses o��peration and �vllection attarneys' f�es,#o any indebtedness secured by th�s Deed
<br /> ❑f Trusfi� aEl in such �rd�r as Lender may determine. The enterEng upon and taking possessian �� �he
<br /> Property, the cofEe�tion ❑� such ren�s, issues and profits, and �he applica�ion �hereof sha[! not cure ar
<br /> waiWe any default vr nafiice o�de�au�t under this Deed ❑f Trust�r inva�idate any act done in respvnse�v
<br /> such defauit vr pu�suant to such notice of defau��; and, nvtwiths�anding the continuance in pvssession❑�
<br /> the Praperty o� the co�le�tion, receipt and app[ication o# �ents, issues ar pro�its, T�ustee ❑r Lende� shall
<br /> be enti�t�ed ta exercise e�ery right pro�ided #�r in the Note or the Related Documents or hy law upvn the
<br /> occurrence of any e�en�of defau�t, including th�righ��fl exercise fihe power of sale;
<br /> {b} Commence an a�tion to forec�ase this Deed of Trus�as a mortgage, appo�nt a recei�er or spe�ifi�al�y
<br /> enforce any❑f th� ca�enan�s hereof; and
<br /> �c} DeEi�er tv Trustee a wri��en dec�arat�on o�de�au��and demand fvr sale and a written na�ice vt defauLt
<br /> and election to �ause Trustvr's interest in the P�ope��y to Iqe svId, which noti�e Trustee sha�� �ause to be
<br /> duly fi[ed for rec�rd in the appropriate❑ffices o�the Gounty in which the Property is located; and
<br /> {dy With respec��o aI� or any par�a�F the Personaf Proper#y, Lender sha�l have afI the righ�s and remedies
<br /> of a secured party under the Nehraska Un�form Cammerciaf Code.
<br /> Fareclosurs by Power of Sale. lf Lender elects to fareciose by exercise ❑t the Power a�SaEe herein c�n�ain�d,
<br /> Lend�r shaEl noti�y Trustee and shail deposit with T�ustee this Deed vf Trust and the No�e and such receipts
<br /> and evidence of expend�tu�es made and secured by th�s Deed��F Trust as Trustee may require.
<br /> �a� Upon rece�pt of such notice from Lender, Trustee shall cause to be r�carded, published and de[ivered
<br /> to Trustor such Not��e �f Default and NvtEce o� Sale as �hen required by Iaw and by this Deed of Trust.
<br /> Truste� sha�l, w�thout demand an Trustor, after such t�me as may �hen be requir�d by Eaw and after
<br /> recvrdation ❑f such Notice of ❑efault and after Na�ice o� Sa�e having been gi�en as required hy law, seIi
<br /> the Property at �he �ime and p�ace v� sal� fixed by it in such Notice ❑f Sa1�, eE�h�r as a whole, ❑r in
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